Remodeler’s Showcase – Whole Home Remodel in Delano – This Weekend!

We have 2 entires in this fall’s Remodeler’s Showcase. It’s going on this weekend only. Friday 1:00 – 7:00, and Saturday / Sunday 12:00 – 6:00. Stop by and check it out! 10985 Oak Shore Trail, Delano. We’ve also got an entry in Edina at 44th and France by Revision, LLC, our system company.

Our Delano entry home is For Sale! This home has just undergone a total remodel – little remains of the original home. 1600+ feet of lakeshore on a private lake, fully recreational – waterskiing, fishing, etc… A 2nd buildable lot is also included. It’s a must see.

I’ve been in discussions with a group of builders about the importance of making all the project selections before starting a project. A good friend summed up the need for making decisions very well:

“I always use the analogy of the car assembly line. Can you imagine trying to build a car as it comes down the assembly line and there are no parts ordered, but the car is waiting to have them installed? Not only would there be a major delay in the finished product but you’d never know the actual budget, there are bound to be huge cost overruns, poor quality… you name it.” A great illustration of the importance of selecting materials before beginning the construction of their project. – Anthony Lightman, Osprey Custom Homes

In discovering the array of custom homes that North America has to offer, Luxury Home Quarterly takes its readers into residences large and small, showcasing the people, projects, designs, and products that make up the custom-home industry.

If home prices are an indicator of market health–and some would say they are the best indicator–then Minneapolis is very healthy indeed. Home prices are expected to rise 8% next year, the highest rate among the 100 largest housing markets, and a big reason that Minneapolis finishes atop our healthy markets list.

A major hub for medical technology and the headquarters for many large corporations, Minneapolis appears poised for a big rebound in housing. One reason is that employment is forecasted to grow 2.5% next year. Building permit activity fell 21% in the first half of 2011, but it’s expected to more than double in 2012.

One negative in the market is that home prices plunged during the first half of 2011. Median home prices, $147,300 after the first half of the year, are down from $229,200 in 2006, a 36% drop that is close to the national average. Home prices have fallen 13% this year due to an increase in foreclosure sales. But Hanley Wood Market Intelligence expects prices to rebound next year.

The apartment market has been particularly strong in Minneapolis. As vacancy rates fell from 5% to 2.4%, developers started new projects, many aimed at a growing millennial (18-to-30 years old) population. Vacant units are reportedly hard to find in downtown Minneapolis and St. Paul.

Stonewood is a part of the national association of home builders, Builder 20 group. This fall’s meeting is in jackson hole, Wyoming and is being hosted by Peter Lee of Teton Heritage Builders. www.tetonheritagebuilders.com